Share Prices & Company Research

Market News

18 Feb 2021 | 14:10

Weekly US jobless claims jump past forecasts

(Sharecast News) - Weekly jobless claims data in the US covering the latest week came in well ahead of economists' forecasts. According to the Department of Labor, in seasonally adjusted terms the number of Americans filing for unemployment claims rose by 13,000 to 861,000 over the week finishing on 13 February.

Economists had forecast a dip for initial claims to 775,000.

The previous week's estimate was revised higher by 55,000 to 848,000.

The four-week moving average of initial claims meanwhile slipped by 3,500 to 833,250.

Secondary unemployment claims, which tallies those not being filed for the first time and referencing the week until 6 February, continued to retreat, slipping by 64,000 to 4.49m.

To take note of, unlike initial claims, secondary claims are more closely linked to hirings than firings.

Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.